Why has the U.S. declined as the leading industrial nation in the world?
a. American labor has been undercut by lower-priced labor in less-developed nations.
b. The U.S. spends a disproportionate amount of research and development money on the military.
c. The U.S. now competes against the European nations as major suppliers of manufactured goods.
d. The U.S. now competes against Japan as major suppliers of manufactured goods.
e. a, b, c, and d
e
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